“…They are mediated social spaces that allow groups to achieve business goals and have a functional nature (Bagozzi & Dholakin, 2002). In the concept of VBC proposed in this paper, economic agents work together to create value-added processes with the support of Information and communication technology (ICT) platforms (Hackney, Burn, & Salazar, 2004;Markus & Loebbecke, 2013). Studies involving market organizations have focused on the economic impacts of such online environments, including lower transaction costs for buyers and sellers, 24/7 operations, better pricing, wider availability of product information, improved transparency of the price formation process, less collusion among buyers, less exploitation by middlemen and more streamlined supply chains (Banker, Mitra, & Sambamurthy, 2011;Kambil & Van Heck, 1998).…”